US Treasury Secretary Janet Yellen reiterates view high us inflation transitory and said that she sees an 'isolated' shortages of goods in coming months.
Last week, Yellen said that the various issues that have colluded to push up prices likely will pass though she’s not sure how long that will take. “Supply bottlenecks have developed that have caused inflation,” she said. ''I believe that they’re transitory, but that doesn’t mean they’ll go away over the next several months.”
Meanwhile, the carry trade currencies are up where rate hikes are being priced in from the likes of the Bank of England this year and the Federal Reserve next year. The US dollar is third to the CAD and AUD so far this week as investors seek shelter in commodity prices as a hedge against inflation.
DXY, an index that measures the US dollar vs a basket of major rivals, has been trading through 93.50 and is at the highest level since Sep 2020.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.